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asset finance, small business

How to use asset finance to grow your business

Capitalise Jul 18, 2023


Accessing the latest technology, equipment and assets can help your business to stay ahead of the curve. However, the high costs of purchasing assets outright can act as a significant barrier. Purchasing or leasing an asset with asset finance can help to overcome the financial barriers and drive your business growth. 

 

How asset finance can drive your business' growth:

 

Access the latest machinery, vehicles and technology

Asset finance allows businesses to gain access to cutting-edge equipment without the need for significant upfront investment. Using asset finance, businesses can acquire the latest machinery, technology, or vehicles necessary to enhance their operations and maintain a competitive edge. Whether it's upgrading manufacturing equipment, updating IT infrastructure, or expanding your fleet, it provides a cost-effective solution to meet your evolving needs.

 

Preserve your working capital

An advantage of asset finance is that it helps preserve your working capital. By using asset finance, rather than purchasing assets outright, businesses can conserve their cashflow for other areas, ultimately driving business growth and expansion.

 

Manage your cashflow effectively 

Asset finance offers predictable and manageable monthly payments. This predictability allows businesses to plan their finances more effectively, ensuring that they have a consistent cashflow. Asset finance agreements often include maintenance and support services, reducing unexpected costs associated with repairs and maintenance.

 

Flexibility and scalability for your business

Asset finance provides businesses with the flexibility and scalability necessary to adapt to changing market conditions. As your business grows, so can your asset finance arrangements. Whether you need to add more equipment, or upgrade technology, asset finance allows you to scale up or downsize your assets quickly and efficiently, without being tied down by long-term ownership commitments.

 

Responsibility of repairs can be in the hands of the lender

Asset finance enables businesses to transfer certain risks associated with asset ownership to the lender. For example, the lender may assume responsibility for maintenance and repairs, depending on the agreement. Allowing your business to focus elsewhere. 

 

If you're looking to enhance your operations, upgrade your assets, or drive business growth, speak with one of our funding specialists who can help you access asset finance.

At Capitalise we have a panel of lenders that specialise in asset finance, to help your business find the option that will drive your growth aspirations. 
 

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